Sun Yuchen: Still holding all purchased LIT and optimistic about Lighter in the long term, currently rebalancing the wallet.

LIT1,72%
USDC-0,01%

Gate News, March 6 — Sun Yuchen posted on the X platform: “We still hold all the LIT we purchased and remain long-term bullish on Lighter. We are rebalancing our wallet and will soon redeposit into LLP.” On-chain monitoring shows that earlier today, Sun Yuchen’s related address withdrew 40.76 million USDC from Lighter LLP, then withdrew all USDC balances on Lighter, including USDC previously deposited into LLP (which was already withdrawn once in early February). The total amount withdrawn is approximately 152 million USDC, accounting for about 17%-18% of Lighter platform’s total USDC balance.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin Hovers Near $75K as Whales Accumulate 270K BTC Over 30 Days, Largest Since 2013

Bitcoin nears $75,000, driven by significant whale accumulation of 270,000 BTC and low exchange reserves. Despite fluctuations and negative funding rates, it rebounded after geopolitical news, with futures inflows increasing since March.

GateNews9m ago

Stablecoin Market Hits $322B ATH, Q1 2026 Trading Volume Reaches $8.3 Trillion

The stablecoin market experienced significant growth, surging $2.25 billion to reach $322 billion, despite a broader crypto market contraction. USDC saw a substantial supply increase, while USDT maintained its market share. Yield-bearing stablecoins contributed notably to this growth, with transaction activity hitting an all-time high.

GateNews2h ago

Lido's LDO Token Surges 30% in Monthly Rally as DAO Approves $20M Buyback Program

Lido's governance token LDO has gained 30% in 30 days, driven by a $20 million buyback program, while major DeFi competitors declined. Despite the rally, LDO remains down 94% from its peak.

GateNews2h ago

XRP Trading Volume Surges to $1.81B in Single Session, Holds Above $1.43

XRP trading volume reached $1.81 billion, driven by futures at $1.47 billion and spot trading at $341 million. Currently priced at $1.43, XRP is above the 200-day EMA, signaling bullish momentum and increased market participation.

GateNews2h ago

Bhutan Sells $18.46M Bitcoin as Price Nears $74k Resistance

The Royal Government of Bhutan transferred approximately 250 BTC worth $18.46 million in the past 24 hours, according to on-chain data from Arkham, continuing a broader pattern of reduced Bitcoin holdings. The transfers included 162 BTC and 69.7 BTC sent to new wallet addresses within a short

CryptoFrontier3h ago
Comment
0/400
No comments